Access college / centre newham College



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Access to Higher Education Diploma


Assignment Brief



ACCESS COLLEGE / CENTRE

Newham College

Student’s Name




Student’s Group




Issued Date




Deadline Date




Date Submitted




Date Assignment to be returned to student (two working weeks after submission)







Resubmission Deadline (two working weeks after first submission returned)




Date Resubmission submitted




Date Resubmission to be returned to student (two working weeks after resubmission returned)







Pathway

Business

Unit(s) Being Assessed

Economics

Title Of Assignment

Economics- Essay

Assessor







Student Declaration

I am aware that plagiarism is defined as the submission or presentation of work, in any form, which is not one’s own, without acknowledgement of the sources used. I have included full referencing as required in a format endorsed by the course teaching team (the Harvard System). I recognise that plagiarism can also arise from one student copying another student's work or from inappropriate collaboration between students.
I am aware that assessment evidence that has been deemed to have been plagiarised will not receive credit.

I confirm that the attached assessment evidence is all my own work
Signature:……


Please attach this assignment brief to the work you are handing in for assessment. Work that does not include this will be returned unmarked.

Credit Level

Unit

Economics

(this unit must be achieved at level 3 in order to pass the course)

To achieve at Level 3 you must meet all the following criteria:

    1. Evaluate Budget measures

3.2 Prepare Business Budget

4.1 Analyse a Business

4.2 Prepare analysis and forecasts

5.1 Explain Trends and development

5.2 Describe external influences on Business








Tasks

Guidance

Assessment Criteria

Essay
Complete the following essay in 2000 words.


Proof read your work and correct any errors in spelling, punctuation and grammar before submission



Controlling the economy can be done with the use of fiscal policy. Budget measures are one of the fiscal policies used by the government to control the economy.
Evaluate the budget measures announced by the government in March 2016.
Use the information in table A to prepare a business budget.
Analyse the business using the budget prepared with help of table A
Use the information in table B to prepare an analysis and forecast of a business.
An understanding of trading patterns and trends is significant for a business. Explain the trends and developments of trade for the UK economy.

Describe the external influences on a business.

(A PESTLE analysis will be appropriate - Iceland Foods Ltd)

3.1


3.2

4.1


4.2

5.1

5.2





Tasks




Assessment Criteria

Task 3

Task 4


Task 5


Research the budget measures and analyse how they may affect the government budget and its impact upon businesses?
Produce a business budget using a spreadsheet with the financial data provided on the sheet attached.

Analyse the business using the budget prepared with help of table A

Complete the forecast table using the information provided in the sheet attached. Table B

Explain how trade has changed in the UK over the past few years and the patterns for trade. Aspects of the European Union and Euro Zone area should be included as important influence on these changes.



Describe PESTLE analysis and apply it to a business (Iceland Foods)

You need to produce an essay approximately 2,000 words (excluding quotations, tables, charts, references and appendices). Your essay will be written based on the criteria given above.



3.1


3.2
4.1


4.2


5.1

5.2


TABLE A

Prepare a business budget for 12 months (Jan – Dec) for Access Company Ltd.




ACCESS COMPANY LIMITED BUDGET

























 

Items

Amount

Notes to be taken into account

 

 

£

 

1

Sales

2,500.00

Expected to increase at 10% every month

2

Purchase

1,500.00

Expected to increase at 5% every month

3

Rent

100.00

To be paid monthly

4

Insurance

40.00

To be paid monthly

5

Bank Loan

5,000.00

To be received in March, payable in 20 equal months

6

Other Income

200.00

Monthly, starting in the third month

7

Computers

3,000.00

Paid for fully in April

8

Depreciation

1,000.00

Plant and Machinery on the straight line method

9

Wages & Salaries

800.00

To be paid monthly

10

Provision for bad debt

50.00

Only in August

11

Telephone expenses

80.00

To be paid monthly


TABLE B

 

2016

2017

2018

Supermarket Industry

Overseas Trade

Local Trade

Overseas Trade

Local Trade

Overseas Trade

Local Trade

 

£

£

£

£

£

£

Tesco

2,500

5,000

 

 

 

 

Sainsburys

2,000

4,500

 

 

 

 

Netto

1,500

4,000

 

 

 

 

Asda

3,000

5,500

 

 

 

 

Morrisons

2,100

4,600

 

 

 

 


Forecast data for Local Trade and Overseas Trade in 2016, 2017 and 2018 to increase yearly by:

Tesco – 10%

Sainsburys – 5%

Netto – 10%

Asda – 15%

Morrison – 20%


If you have achieved all Level 3 Criteria you will receive a grade (Pass, Merit or Distinction) against the following grade descriptors.

NB: There are no Grade Descriptors available for Pass; students automatically achieve a pass by meeting all AC for the unit at Level 3


Grade Descriptor

Unit

Economics

GD 1: Understanding of the subject

Selected Elements

Merit

Selected Elements

Distinction

The student’s work should:

  • demonstrates a very good grasp of the relevant knowledge base.

  • demonstrates very good understanding of different perspectives or approaches associated with the area of study.



The student’s work should:

  • demonstrates an excellent grasp of the relevant knowledge base.

  • demonstrates excellent understanding of different perspectives or approaches associated with the area of study.





GD2 : Application of Knowledge

Selected Elements

Merit

The student’s work should:




Selected Elements

Distinction

The student’s work should:




  • makes use of relevant facts and modals, concepts etc.

  • excellent levels of consistency, accuracy , insight etc.




GD7: Quality

Selected Elements

Merit

The student’s work should:







  • taken as a whole, demonstrates a very good response to the demands of the brief/assignment.




Selected Elements

Distinction

The student’s work should:




  • structured in a way that is consistently logical and fluent




  • taken as a whole, demonstrates an

excellent response to the demands of the

brief/ assignment.






Additional Guidance on Achieving Grades


Achieving a Merit

Achieving a Distinction

To achieve a merit you will have to provide.



Good analysis but limited evaluation on


  • Budget measures announced in March 2015

  • Business Budget and Forecast.

  • U.K International Trade and Tends.

  • There should be some logical and coherence in the structure of the essay.

To achieve a distinction you will have to provide.



Excellent analysis and depth evaluation on


  • Budget measures announced in March 2015

  • Business Budget and Forecast.

  • U.K International Trade and Tends.

  • Essay should be logical and fluent.





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